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Dangote loses $900m, drops eight places on billionaires list - Politics - Nairaland

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Dangote loses $900m, drops eight places on billionaires list by NofiuFade(m): 12:56pm On Jan 11
Dangote Industries Limited ended trading on the Nigerian Stock Exchange, Friday, as the biggest loser leaving its owner, Aliko Dangote, with a drop in net worth by $900m.

Bloomberg Billionaires Index which ranks the first 500 richest people in the world showed that his wealth fell from $18.4bn on Thursday to $17.5bn on Friday, taking him from 106th to 114th on the list of wealthiest people in the world.

According to Bloomberg, “The majority of Dangote’s fortune is derived from his 86 per cent stake in publicly-traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries.

“A $12bn oil refinery that is currently being developed in Nigeria isn’t included in the valuation because it’s not yet operational and construction costs are calculated to outweigh its current value,”

Dangote is the only Nigerian on the list.


https://www.vanguardngr.com/2021/01/dangote-loses-almost-900m-drops-eight-places-on-billionaires-list/

Re: Dangote loses $900m, drops eight places on billionaires list by Lawrencebo0060: 1:09pm On Jan 11
No need for this in the first place. It is sad when the led have more wisdom than the leaders
Re: Dangote loses $900m, drops eight places on billionaires list by NextD18: 1:32pm On Jan 11
Just one week after his bumbum got leaked by his mistress and went viral on social media

1 Like

Re: Dangote loses $900m, drops eight places on billionaires list by Optional09: 1:36pm On Jan 11
he’s not doing any business afterall
Re: Dangote loses $900m, drops eight places on billionaires list by Enugupikin: 1:39pm On Jan 11
Optional09:
he’s not doing any business afterall
Definitely he's not doing any business, he's more of a political business man

1 Like

Re: Dangote loses $900m, drops eight places on billionaires list by leadzeal(m): 1:48pm On Jan 11
I like his take on diversifying since I don't see too much of his hold on the cement industry in the coming years. I know mining is cost intensive but that's another key area that's yet untapped in this nation. I'm not referring to oil mining here but gas, gold, iron ore, bitumen... These are key industries. The cement world will give way in the coming years by attracting more investors into the sector considering the profit margin involved. A bag sell for over #3000 now, an artificially stimulated increase considering over 90 percent of the resource needed to make a bag is sorted out locally. So here the issue of forex should have contributed very little to this recent sharp increase. We have just about 5 key players now but I see a rush influx of investment and simultaneous dwindling of the Monopoly hold. Fingers crossed
Re: Dangote loses $900m, drops eight places on billionaires list by dubra: 1:58pm On Jan 11
He trives based on monopolized economy, he's given waiver for everything at the expense of the rest of Nigerians, on a normal business of level play ground he would have been sent packing since, he's heavily patronized by the government, you can see the effect now, if dangote gets show down the whole country would fidgeting, what a shame

2 Likes

Re: Dangote loses $900m, drops eight places on billionaires list by GayPontiff: 3:03pm On Jan 11
He is yet to lose more if he don't focus on his money and leave daughters of jezebels.

I heard his pretty girls collection are rivalling king solomon's.


If true ... Poster below me knows better.
Re: Dangote loses $900m, drops eight places on billionaires list by BlackfireX: 3:31pm On Jan 11
Is this a good news or badnews
Re: Dangote loses $900m, drops eight places on billionaires list by Komolafe89: 3:35pm On Jan 11
GayPontiff:
He is yet to lose more.
I heard his pretty girls collection are rivalling king solomon's.
If true ... Poster below me knows better
enemy of progress is sighted,
try to be more positive in thinking and wishes

2 Likes

Re: Dangote loses $900m, drops eight places on billionaires list by GayPontiff: 4:34pm On Jan 11
Komolafe89:


enemy of progress is sighted,

try to be more positive in thinking and wishes





Wetin consign me and d man?

U may worship him, but I don't.

Kneel down n face west and wish him good 20x a day whilst at it too.

If he does well, his biz he does bad his biz. Doesn't add to me in anyway.

Since na ur papa brother, tell am to cover him black yansh next time abeg.
Heard his pretty girls collection r much...na there I cut cap for am but make him wise up.
Re: Dangote loses $900m, drops eight places on billionaires list by DropsMic(m): 4:37pm On Jan 11
He is still the richest man in Africa

1 Like

Re: Dangote loses $900m, drops eight places on billionaires list by NwaNimo1(m): 4:46pm On Jan 11
900 Million?



The monopolist must also feel the 'change'.
Re: Dangote loses $900m, drops eight places on billionaires list by madmohamed(m): 4:47pm On Jan 11
NofiuFade:
Dangote Industries Limited ended trading on the Nigerian Stock Exchange, Friday, as the biggest loser leaving its owner, Aliko Dangote, with a drop in net worth by $900m.

Bloomberg Billionaires Index which ranks the first 500 richest people in the world showed that his wealth fell from $18.4bn on Thursday to $17.5bn on Friday, taking him from 106th to 114th on the list of wealthiest people in the world.

According to Bloomberg, “The majority of Dangote’s fortune is derived from his 86 per cent stake in publicly-traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries.

“A $12bn oil refinery that is currently being developed in Nigeria isn’t included in the valuation because it’s not yet operational and construction costs are calculated to outweigh its current value,”

Dangote is the only Nigerian on the list.


https://www.vanguardngr.com/2021/01/dangote-loses-almost-900m-drops-eight-places-on-billionaires-list/
dangote is a common criminal he help government officials to pen robber Nigerians he should be in jail if Nigeria is country
Re: Dangote loses $900m, drops eight places on billionaires list by olatade(m): 4:48pm On Jan 11
$900m just like that shocked shocked shocked
Re: Dangote loses $900m, drops eight places on billionaires list by Mynd4i4: 4:51pm On Jan 11
Dangote will bounce back
Re: Dangote loses $900m, drops eight places on billionaires list by Astra101: 4:59pm On Jan 11
I will send this man out of business very soon
Re: Dangote loses $900m, drops eight places on billionaires list by blamingthedevil: 5:03pm On Jan 11
Optional09:
he’s not doing any business afterall
Oil dey your braiiin

$17.5 billion is not small networth

Re: Dangote loses $900m, drops eight places on billionaires list by AdaugoChisom(f): 5:25pm On Jan 11
When I have shishi....Oh God, in your hand I lay my eggs
Re: Dangote loses $900m, drops eight places on billionaires list by Rahkman: 5:32pm On Jan 11
blamingthedevil:

Oil dey your braiiin

$17.5 billion is not small networth
dangote networth no reach any 17.5 billion shatap
Re: Dangote loses $900m, drops eight places on billionaires list by orisa37: 5:49pm On Jan 11
Nothing progresses in NIGERIA under a Miyetti Allah FULANI HERDSMEN GOVERNMENT.
Re: Dangote loses $900m, drops eight places on billionaires list by orisa37: 5:54pm On Jan 11
Nothing progresses in NIGERIA under a Miyetti Allah FULANI HERDSMEN GOVERNMENT. The CBN IS CENTRAL BANK NONSENSE (CONCOCTED BUREAU DE NUNU).
Re: Dangote loses $900m, drops eight places on billionaires list by Bonessaw(m): 5:58pm On Jan 11
Future 9th Igbo state
Name: Omanbala
Capital: Aguleri
LGA:
Oyi
Ayamelum
Agukwu-Nri (Carved out of Anaocha)
Anambra West
Anambra East
Ibaji
Igalamela
Odolu
Olumbanasa
Umueri

10 LGA in all which can be expanded to cater for the population.
Re: Dangote loses $900m, drops eight places on billionaires list by orisa37: 6:05pm On Jan 11
Lawrencebo0060:
No need for this in the first place. It is sad when the led have more wisdom than the leaders



BUHARINOMICS HAS TURNED DANGOTE INTO A SCAVENGER AMONG HIS PEOPLE.
Re: Dangote loses $900m, drops eight places on billionaires list by oyatz(m): 6:21pm On Jan 11
dubra:
He trives based on monopolized economy, he's given waiver for everything at the expense of the rest of Nigerians, on a normal business of level play ground he would have been sent packing since, he's heavily patronized by the government, you can see the effect now, if dangote gets show down the whole country would fidgeting, what a shame

Did you read and understand the article at all?

The $900 Million drop was as a result of drop in the prices of his companies shares at the Nigerian Stock Exchange.


So Gov't patronize Dangote?
Re: Dangote loses $900m, drops eight places on billionaires list by Bickyo: 6:22pm On Jan 11
Pga o
Re: Dangote loses $900m, drops eight places on billionaires list by oyatz(m): 6:24pm On Jan 11
madmohamed:
dangote is a common criminal he help government officials to pen robber Nigerians he should be in jail if Nigeria is country

What of Sir Emeka Offor, Aurthur Eze and Innocent 'Innoson' Chukwuma?

1 Like

Re: Dangote loses $900m, drops eight places on billionaires list by Nobody: 6:32pm On Jan 11
Right from the days of the BIBLE, many LADIES have championed the downfall of Men.
WITH what GOD has deposited in Man, he doesn't need any Lady to get to the TOP.

However, the chances of Falling from the top starts increasing when he decides to take a lady along.
In just a week after his encounter with DAUGHTERS of Jez........he has started crumbling.

RONALDINHO knows better too.
After his encounter with those two witches in his well reserved hotel room, he started playing RUGBY rather than soccer.
It will never be well with those who orchestrated that against Ronaldinho.
Re: Dangote loses $900m, drops eight places on billionaires list by Okoroawusa: 6:36pm On Jan 11
AdaugoChisom:
When I have shishi....Oh God, in your hand I lay my eggs
Your eggs?
You wan sell am?

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